Texmaco Rail & Engineering Limited has secured a substantial order worth Rs 2.13 crore from ECOR for specialized railway infrastructure works. The contract involves TRD (Track Renewal and Development) works at NMDC Nagarnar steel plant, including NSL SSP components, marking another significant addition to the company's order book.

Order Details and Specifications

The comprehensive contract encompasses TRD works specifically designed for NMDC Nagarnar steel plant operations. The project includes NSL SSP (Nagarnar Steel Limited Steel Service Provider) components, indicating the specialized nature of the railway infrastructure requirements.

Regulatory Compliance and Transparency

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The announcement confirms this is a domestic contract with no related party transactions involved.

Key Contract Terms

The order specifies completion of all works within 11 months from the date of Letter of Acceptance issuance. The contract value of Rs 2.13 crore excludes applicable taxes, representing the base consideration for the specialized railway infrastructure services.

Corporate Governance Aspects

Texmaco Rail & Engineering has confirmed that neither promoter groups nor group companies have any interest in ECOR, the entity awarding the contract. This ensures the transaction maintains arm's length principles and regulatory compliance standards.

The order strengthens the company's position in the railway infrastructure sector, particularly in specialized steel plant railway connectivity projects. The 11-month execution timeline provides a clear framework for project delivery and revenue recognition over the specified period.

Texmaco rail & engineering Limited and Rail Vikas Nigam Limited (RVNL) have executed their Strategic Joint Venture Shareholders' Agreement on February 19, 2026, marking a significant milestone in India's rail manufacturing sector. The agreement formalizes a strategic partnership designed to accelerate India's rail manufacturing capabilities and strengthen its position as a global infrastructure solutions provider.

Partnership Structure and Objectives

The joint venture agreement establishes a unified platform that combines complementary strengths of both organizations. Under the partnership structure, Texmaco holds a 49 percent stake while RVNL retains majority ownership, designed to leverage public-sector execution depth with private-sector manufacturing agility.

Strategic Focus Areas

The joint venture will concentrate on three primary business segments that align with India's infrastructure development goals:

• Advanced rolling stock segments including freight, locomotive, passenger, and metro systems
• Lifecycle maintenance and asset management solutions for comprehensive rail operations
• Large-scale EPC and turnkey infrastructure projects targeting both domestic and international markets

Leadership Perspectives

Mr. Saroj Kumar Poddar, Chairman of Texmaco Rail & Engineering, emphasized that the alliance brings together Texmaco's industrial manufacturing scale and export reach with RVNL's proven execution track record in complex rail EPC projects. The partnership creates a powerful institutional platform aligned with the Government of India's Aatmanirbhar Bharat vision.

Mr. Indrajit Mookerjee, Vice Chairman & Executive Director of Texmaco Rail & Engineering, described the partnership as a transformational step in building globally competitive rail capabilities from India. He highlighted that by aligning manufacturing excellence with execution expertise, the collaboration creates a platform capable of delivering integrated rail solutions for both national priorities and international markets.

Expected Impact and Benefits

The initiative is designed to catalyze India's emergence as a global hub for rolling stock and rail infrastructure through several key mechanisms:

Global Market Expansion

Beyond domestic opportunities, the joint venture will actively pursue projects across Asia, Africa, and the Middle East. The partnership targets integrated rail manufacturing and infrastructure contracts, reinforcing India's position among the world's leading providers of end-to-end rail solutions. The collaboration combines design innovation, execution speed, and engineering excellence to advance the Viksit Bharat @ 2047 vision while strengthening India's global industrial footprint.

Company Backgrounds

RVNL operates as a premier public sector enterprise (Navratna CPSE) under the Ministry of Railways, primarily engaged in implementing rail infrastructure projects across the country. The organization has contributed significantly to the expansion of India's railway and metro systems, both domestically and globally.

Texmaco Rail & Engineering Limited operates as a key player in the railway and infrastructure sector across Freight Cars, Rail Infra & Green Energy, and Infra–Electrical segments. The company specializes in rolling stock, rail infrastructure, bridges, and steel structures, supplying freight cars to Indian Railways, private clients, and export markets through strategic joint ventures with global leaders including Wabtec and Touax.